Market Research Logo

Global Fast Attack Craft Market 2017-2021

Global Fast Attack Craft Market 2017-2021

About Fast Attack Craft

FAC are small, fast, agile, and attack-capable warships, which are armed with anti-ship missiles, guns, or torpedoes. FAC are generally operated in the coastal regions as they lack the defensive capabilities to survive in the blue waters. The major benefit of such ships over other warships is their affordability and speed. These boats, when armed with guided missiles, are capable of posing threats to even large capital ships.

Technavio’s analysts forecast the global fast attack craft market to grow at a CAGR of 2.14% during the period 2017-2021.Covered in this report

The report covers the present scenario and the growth prospects of the global fast attack craft market for 2017-2021. To calculate the market size, the report presents the market landscape and a corresponding detailed analysis of the five major vendors operating in the market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Fast Attack Craft Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BAE Systems
  • Damen Shipyards Group
  • Fincantieri
  • Goa Shipyard Limited (GSL)
  • Navantia
Other prominent vendors
  • China Shipbuilding and Offshore Company
  • CMN Group
  • Garden Reach Shipbuilders and Engineers
  • Hanjin Heavy Industries & Construction
  • Lürssen
Market driver
  • Growing development of ship-based missiles.
  • For a full, detailed list, view our report
Market challenge
  • Deployment of laser weapon systems against FAC.
  • For a full, detailed list, view our report
Market trend
  • Trimaran configuration in naval vessels.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Press Release

Technavio Announces the Publication of its Research Report – Global Fast Attack Craft Market 2017-2021

Technavio recognizes the following companies as the key players in the global fast attack craft market: BAE Systems, Damen Shipyards Group, Fincantieri, Goa Shipyard Limited (GSL), and Navantia.

Other Prominent Vendors in the market are: China Shipbuilding and Offshore Company, CMN Group, Garden Reach Shipbuilders and Engineers, Hanjin Heavy Industries & Construction, and Lürssen.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is advanced naval warfare systems. The advent of new technologies and rise in investments have resulted in the evolution of many advanced warfare systems such as virtual fence, underwater acoustic weapons, fences, electro-optic detection systems, multi-static anti- submarine warfare capability enhancement (MACE), and integrated security system. These systems enhance safety and efficiency in naval operations, which are vital for warships and FAC. Integration of advanced radar systems, electro-optic/infrared (EO/IR) technologies, and underwater weapons in combat ships reduces the workload of the naval crew and assures the availability of essential maritime information with enhanced protection. Such automated systems, within the naval vessels, will add a new dimension to maritime warfare.”

According to the report, one driver in market is increased seaborne dominance. Many countries are modernizing their naval defense units by manufacturing and procuring a number of warships. The increase in the number of these assets will simultaneously boost the global development of naval vessels and enable greater dominance of the defense authorities overseas and oceans. The US Navy has played an integral part in the national strategy of the country, which is surrounded by seas on two ends. Over the years, the country has strengthened its naval combat capabilities through the development of several classes of advanced naval vessels. Driven by the race of attaining military supremacy, the PLA Navy, China, is modernizing their naval fleets and deploying them in the South China Sea and in the Western Pacific region, which is posing a potential warfare threat. The PLA Navy is also focusing on developing a multifunctional and efficient maritime combat force to provide offshore water defense and open sea protection in tandem. China is also developing a missile-armed FAC and a significant number of cutter ships for the China Coast Guard, a paramilitary service that helps in asserting and defending China’s maritime territorial claims in the East and South China Seas.

Further, the report states that one challenge in market is issues related to maintenance of vessels. Naval vessels are an effective solution for maritime security requirements and maintenance of naval vessels assist in their effective operation over their lifetime. However, maintenance of naval vessels has remained one of the challenges for several developing countries as they acquire such vessels from foreign countries and the number of such purchases is small. Since many countries lack the resources (spare parts and components) to develop such ships in their territories, they generally outsource the maintenance of the FAC, which is sometimes expensive. Moreover, the unavailability of spares and maintenance capability make cannibalization and unseaworthiness highly probable.

Companies Mentioned

BAE Systems, Damen Shipyards Group, Fincantieri, Goa Shipyard Limited (GSL), Navantia, China Shipbuilding and Offshore Company, CMN Group, Garden Reach Shipbuilders and Engineers, Hanjin Heavy Industries & Construction, Lürssen.

  • Executive summary
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Naval vessels: An overview
      • Table Different types of naval vessels
      • Table Major naval vessel projects across the globe
      • Table Geographic distribution of naval combat vessels 2015
    • Fast attack craft
      • Table Advantages of FAC
    • Key takeaways
      • Table Key takeaways of the global FAC market
    • Key buying criteria
      • Table Key buying criteria of the FAC
  • Market landscape
    • Market overview
      • Table Segmentation of global FAC market
    • Market size and forecast
      • Table Global FAC market 2016-2021 ($ billions)
      • Table Pirate attacks on cargo ships by country as of 2016
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Market share by type
      • Table Market share by type in 2016 and 2021 (%)
    • Market segmentation by revenue
      • Table Market segmentation by revenue during 2016-2021 ($ billions)
    • Global missile-armed FAC market
      • Table Global missile-armed FAC market 2016-2021 ($ billions)
    • Global non-missile armed FAC market
      • Table Global non-missile armed FAC market 2016-2021 ($ billions)
  • Geographical segmentation
    • Market share by geography
      • Table Market share by geography 2016 and 2021 (%)
    • Geographical segmentation by revenue
      • Table Geographical segmentation by revenue 2016-2021 ($ billions)
    • FAC market in EMEA
      • Table FAC market in EMEA 2016-2021 ($ billions)
    • FAC market in APAC
      • Table FAC market in APAC 2016-2021 ($ billions)
    • FAC market in the Americas
      • Table FAC market in the Americas 2016-2021 ($ billions)
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Attributes of laser weapon systems
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Utility of advanced automated systems
    • Table Advantages of modular ship design
  • Vendor landscape
    • Competitive scenario
      • Table List of competitors in global FAC market
      • Table Major competitors: Benchmarking
    • BAE Systems
      • Table BAE Systems: Business segmentation by revenue 2015 (%)
      • Table BAE Systems: Specifications of FAC
    • Damen Shipyards Group
    • Fincantieri
      • Table Fincantieri: Products offerings
    • Goa Shipyard Limited (GSL)
    • Navantia
      • Table Navantia: Product segmentation
      • Table Navantia: Strength
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report